A step forward towards of reasonableness regarding EUDR, otherwise known as the EU Deforestation Regulation. A timely adjustment to a regulation that “sets goals that Italian tanners (and others) fully share.” But one that, at the same time, threatens the Italian leather sector. In the face of this alarming condition and cross-activation at several levels, […]
“Here is the destruction of the human experience, courtesy of Silicon Valley.” These are the words of noted actor Hugh Grant. A comment that emanates sarcasm, while referring to the latest advertisement conceived and shared by Apple. Subject: the promotion of the new iPad Pro. Promotion that, for the Cupertino multinational, has resulted in another […]
Colour and leather. Mosaic and leather goods. Handcrafted and artistic worlds. Worlds that can merge into a single design perspective precisely because they arise and develop around a dimension that has that very word “art” at its base. A horizon from which, then, both creativity and business take off. An exemplary case comes from Friuli....
Along with Burberry, Gucci (and Kering), the relaunch of Salvatore Ferragamo will take longer than expected. The goals announced by its CEO, Marco Gobbetti (to double sales to 2.2 billion euros by 2027), are increasingly distant. Especially after the first quarter 2024 results. Whatever the case may be, the Ferragamo family has confirmed Gobbetti as […]
Passion for craftsmanship, attention to detail and the use of quality leather: these are the ingredients of Derricks Firenze, a young brand born in 2019 from an idea of Arezzo-based siblings Alessio and Sharon D’Errico. Two stores, one in Montepulciano, the other in Florence, where leather is the protagonist in all its forms. “This model,...
The three awards to virtuous companies are one of the novelties of the fourth edition of the Osservatorio Donne e Moda. And it was interesting to note the prevalence of leather in the awarding of the three titles, on the occasion of the presentation (Milan, 8 May) of the annual report that il Foglio della […]
All the things L Catterton will do with Tod’s completed delisting. It will invest in the group to increase its profitability, and the areas where it needs to improve will be many, judging from the opinions of insiders. For example: growing the U.S. market, revitalizing Fay and Hogan, and expanding apparel. All this will take...
Digital native, raised with pandemic and with (Italian) leather at its core. Belledonne is a trainer brand founded in 2018 in Paris by Antonin Chabanne and Mikael Leo. Sales accelerated during the pandemic thanks to online. And for next year, Belledonne plans to expand the range offered by introducing a classic line, which the two...
In the first quarter of 2024, the export of fresh and salted leathers fared poorly, the export of wet blue leathers fared better. With the Brazilian surprise: yes, because scrolling through the trends that LHCA (the reference association of the US tanning industry) has compiled based on USDA data (the Washington Department of Agriculture) we […]
Uganda’s own-goal in the leather trade. In Jinja, a populous town on the shores of Lake Victoria, four tanneries closed in a very short period of time and hundreds of people lost their jobs. The problem the companies encountered was caused by the central government in Kampala. How? By limiting exports of raw hides. The […]
Diversifying from leather to shoe. Or rather: verticalizing from leather to shoe. This has been done by KTM Leather (Mahmood Group), in Pakistan, and the Turkish Adnan Leather. The latter, moreover, has invested in Italy where it manages logistics, distribution, commercial and administrative activities for its footwear product. We had these two experiences compared. Adnan...
Axel Dumas is serene. At the shareholders’ meeting (Paris, 30 April), the CEO of Hermès ranged over the market scenario. Three hundred and sixty degrees: from polarisation to the importance of size, from the slowdown in the group’s growth to confidence in China. Despite the context that is critical for many, he boasts of the […]
What is accessible luxury? Why is it growing? What does a brand need to do to thrive in this market segment? The category over the past decade has exploded and transformed, to meet a new need. Today it represents the highest number of customers in its history as luxury brands have practiced continuous price increases....
The market slows Mulberry and Sergio Rossi, which each leasing 4% in annual revenues. Hugo Boss does better, as it saw revenue grow 5% in the first quarter of 2024. Steve Madden, meanwhile, experienced a booming performance: up 19%. Market puts the brakes on Sergio Rossi In 2023, Sergio Rossi’s revenues fell 4% to 60...
It takes a lot to say that dressing in plastic is better than using natural materials. But it is possible if you consider PETA, a vegan association with a partisan and scandalist vocation, to be a more reliable source of information than the European institutions. Stella McCartney never ceases to surprise us (in a negative...
They call it an epic fail. In social jargon, it has become the way to define big mistakes or, if you will, catastrophic and unintentional slips. In essence: an epic fail buries you when, on the strength of a particular and acknowledged authority in a particular field, you share and spread a blatantly incorrect information. […]
Lear Corporation grows and buys. The US multinational closed the first quarter of 2024 at USD 6 billion, up 3% compared to the same period in 2023. The figure marks a record for Lear, which announced plans to acquire WIP Industrial Automation. USD 6 billion A record quarter for Lear Corporation, a major player in […]
Chanel claims again a price increase. Analysts applaud Hermès‘ list price adjustments. But they reproach Gucci for pushing them too high, ending up in a shadow cone between premium and luxury. Fashion is pushing up to shelter margins in this 2024 difficult for volumes. But precisely because of this, keeping the price/positioning ratio in balance […]
Power seats that teeter, that change and renew, while others remain firmly planted. In a spectrum of possibilities ranging from Slimane’s shaky one at Celine to Gobbetti’s firmly planted one as CEO of Ferragamo. A review of all the news. Teetering power seats The split between Celine and its creative director Hedi Slimane (pictured centre)...
The crisis or the sluggishness of some of the high-end brands is hitting the supply chain hard. And the consequences can be seen on the expectations of a certain Made in Italy. The leather goods industry foresees a grim 2024. According to a survey conducted by CNA Federmoda on a sample of almost 600 companies,...
